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BF Investment Limited (BFINVEST) Fair Value & Analysis

Financial Services · IN · Market cap ₹17.2B

BI BF Investment Limited BFINVEST · NSE
Price₹457.00
Fair Value₹909.70
Upside+99.1%
Quality54/100
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Mixed Growth
generates free cash flow
Ranks above peers (6/9)
Moderate moat 52/100
Evidence: High Range ₹682.28 – ₹1,137 Share as image

Fair value as of: Aug 2, 2026

From 2 valuation models · updated 11 days ago

Fair value updated Aug 2, 2026, revised from ₹915.20 to ₹909.70 (−0.6%) since Jun 29, 2026. Share price −14.6% over the past month.

A solid business, screening 99% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (₹682.28). The market is more pessimistic than our downside scenario.
  • Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

₹768.80 ₹242.45 Fair Value ₹909.70 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹242.45 – ₹768.80 · fair‑value band ₹682.28 – ₹1,137 · the ₹457.00 price screens below the ₹909.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

BF Investment Limited (BFINVEST) currently trades at ₹457.00, while our model-based Fair Value estimate is ₹909.70, implying the stock looks roughly 99.1% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Trailing-twelve-month revenue stands at ₹763M. Revenue grew 41.5% year over year. It earns a return on equity of 3.7%. The balance sheet holds a net cash position of ₹5.7B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹682.28 (bear case) to ₹1,137 (bull case); at ₹457.00, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 13% below its 52-week high and 45% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -56% fair-value upside, at 99%, BFINVEST screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
P/B Multiple ₹1,445 ₹1,927 ₹2,409 55
NCAV (Graham) ₹1,133 ₹1,519 ₹2,267 50
All 2 models by family
Multiples
P/B Multiple ₹1,445 ₹1,927 ₹2,409 55
Asset-Based
NCAV (Graham) ₹1,133 ₹1,519 ₹2,267 50

Widest divergence: Multiples (₹1,927) versus Asset-Based (₹1,519). Highest evidence: P/B Multiple (55).

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Key figures & financial health

Revenue (TTM) ₹763M
Revenue growth (YoY) +41.5%
Net margin 369%
Return on equity 3.7%
Free cash flow ₹1.5B FY2026
P/E ratio 6.1
More key figures
Operating margin 81.0%
EPS (TTM) ₹74.86
EPS growth (YoY) +1,176%
Net cash ₹5.7B FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 55 · Market factors (momentum, volatility) 58

Profitability 32
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

BF Investment Limited operates as a non-deposit taking investment company in India. It is also involved in the investment and financing businesses. BF Investment Limited was incorporated in 2009 and is based in Pune, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

BF Investment Limited reported revenue of ₹779M in FY2026 versus ₹109M in FY2022, a compound +63.5%/yr. Reported net income was ₹2.8B in FY2026, compounding +9.3%/yr from FY2022.

Growth Quality 78/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹779M
Latest YoY
+122.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+69.8%
Avg. growth/yr (16Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.1%
Revenue +63.5%/yr
FY22 ₹109M
FY23 ₹159M
FY24 ₹195M
FY25 ₹350M
FY26 ₹779M
Net income +9.3%/yr
FY22 ₹2.0B
FY23 ₹2.6B
FY24 ₹4.3B
FY25 ₹2.2B
FY26 ₹2.8B
Character of growth · EPS growth decomposed (2015-2026) +14.1 % p.a.
Revenue per share −25.9 pp

of which total revenue −25.9 pp · buybacks/dilution +0.0 pp

EBIT margin +32.5 pp
Tax rate −1.9 pp
Residual (interest, one-offs) +9.4 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "BF Investment Limited Fair Value". https://www.fairvalue-calculator.com/stock/BFINVEST

Peer Group

Asset Management · 981 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 55 · Below median
Fair Value upside +99% · Top 25%
Return on equity (TTM) 4% · Below median
Return on assets 0% · Below median
Operating margin (TTM) 81% · Above median
Revenue growth 42% · Top 25%

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 6.1× · Cheaper than median
P/S (TTM) 0.24× · Cheaper than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 36
FUTURE 100 · sector 7
PAST 15 · sector 26
HEALTH 0 · sector 95
DIVIDEND 0 · sector 69

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
BlackRock, Inc BLK $1,136 $465.75 -59%
Blackstone Inc BX $124.56 $16.35 -87%
Investor AB INVEB kr 423.70 kr 847.40 +100%
Brookfield Corporation BN C$62.45 C$10.12 -84%
KKR & Co KKR $100.94 $44.88 -56%
AB Industrivärden INDUA kr 532.50 kr 1,065 +100%
Jio Financial Services Limited JIOFIN ₹242.98 ₹40.19 -83%
Hedef Holding HEDEF 267.25 TRY 320.98 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹10,398 ₹9,202 -12%
HDFC Asset Management Company HDFCAMC ₹2,729 ₹301.41 -89%

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Frequently asked questions

Is BF Investment Limited (BFINVEST) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹909.70 versus a price of ₹457.00, about +99% (undervalued).
What is the fair value of BFINVEST?
Our model-based fair value for BF Investment Limited is ₹909.70 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹457.00.
What is the quality score of BFINVEST?
BF Investment Limited has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of BF Investment Limited (BFINVEST)?
BF Investment Limited reported trailing-twelve-month revenue of about ₹763M (latest available figure, as of Aug 2, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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